State Economic Trends

Per Capita Personal Income (PCPI) is arguably the best single measure of personal economic well-being. PCPI is estimated quarterly and annually by the Bureau of Economic Analysis.  The PCPI is a part of the Regional Economic Information System (REIS) providing much more economic detail. The state quarterly PCPI time series is available using the VDAGIS "US1" project.  Updated quarterly, the state PCPI has only a 4 month lag from the reference quarter to the quarter of availability/access. The VDAGIS US1 project is updated quarterly as new/revised data become available.

 

In this section, you will learn about examining state PCPI using iVDA with the "US1" project.

We will examine the latest state PCPI percent change from 2022Q4 to 2023Q4.

 

iVDA is one part of a broader VDA GIS resource framework.  See more about VDA GIS.

 

In the iVDA frame below, proceed as follows:

In the Legend Panel at the left of the Map Window, check on these three layers:

.. State Name

.. State PCPI %Chg 22Q4-2023Q4 (label for map view)

.. State PCPI %Chg 22Q4-2023Q4 (thematic pattern map view) .. click + to left of name to view intervals

check off:

.. Cty Population Gain 2020-23

.. Cty Population Loss 2020-23

 

The map view refreshes to show a thematic pattern view of the State PCPI %Chg 22Q4-23Q4.

 

Click a state of interest in the map

.. an economic-demographic profile for that state is displayed in the lower left.

.. examine many subject matter items for any state.

 

Visual Data Analytics Web GIS
iVDA is presented below in an interactive mapping window .. watch video

Below is a static graphic example of using iVDA as described above.

In this example, the state of California was clicked/selected.

In the lower left profile, see that PCPI changed from 77,337 (2022Q4) to 81,509 (2023Q4), change of 4%.

The US1 project enables comparison of different geography and subject matter.

See also  in the profile that the state population changed from 39.04M (2022) to 38.96M (2023).

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